Get a property report and suburb profile for any property in Drummoyne

Drummoyne is a river-orientated inner-west suburb on a Parramatta River peninsula, with foreshore parks, riverside walks and a compact village centre of cafes, restaurants and shops. Tree-lined streets and a mix of early 20th-century cottages, federation homes and low-rise waterfront apartments create a domestic, waterside feel, and the setting encourages outdoor activity with walking and cycle paths, sporting fields around Drummoyne Oval, marina and sailing facilities. A ferry wharf, buses and Victoria Road provide frequent transport links, while Birkenhead Point supplies waterside shopping.

Home to 12,011 people with a median age of 42 and a median household income of $2,776 a week, Drummoyne’s community is weighted towards couples — 44.7% of families are couple families without children and 40.3% are couple families with children, a combined 85.0% of families — and owner-occupiers make up 63.4% of dwellings while renters occupy 36.6%. Council-led precinct upgrades, a shopping-strip urban design review and active-transport and foreshore works are guiding local improvements. Whether Drummoyne suits you will depend on how much you value waterside recreation, local shops and frequent transport links.

Rents in Drummoyne sit high against local incomes recorded at the last Census. With a typical local household earning about $2,776 a week at the last Census, a house rent of $1,250 a week would take roughly 45.0% of that weekly income (a large share) and a unit rent of $850 a week would take about 30.6% (a sizeable share). If you plan to rent, those rent shares are the most relevant numbers.

Buying is more stretched against those same incomes. The median house price of $2,890,000 is about 20.0 times a typical local household's annual income at the last Census, while the median unit price of $1,380,000 is about 9.6 times annual household income; both sit well above what people locally earned at the last Census, with house buying particularly stretched. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months Drummoyne shows a split performance between houses and units. Unit values climbed 13.9%, a strong rise, while house values increased a more modest 3.4%. On the income side, house rents jumped 13.6% (strong) and unit rents rose 9.7% (a solid increase).

Put another way, houses saw rental income rise much faster than their price, while units saw price growth outpace rent growth. If capital growth is your priority, the unit side has been the stronger performer this year; if rental income matters most, the house market has shown the larger gains. Whether that balance suits you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.